Flag Theory Pillar Content

Crypto / ICO-friendly Bank Account

$3,800.00

At Flag Theory, we work with a number of banks that are open to working with cryptocurrency companies. We have several crypto-friendly bank partners and have helped dozens of ICOs, Exchanges and Crypto Businesses obtain banking.

However, you must have in place a robust KYC/AML & CTF process. We will assess your compliance procedures and assist you in designing a sound KYC process to ensure that our banking partners will be comfortable in opening a corporate account for your business.

Description

Cryptocurrency Business & ICO Bank Account

One of the main headaches for cryptocurrency businesses and companies that launch an ICO is to obtain a bank account.

The main problem is that banks are very resistant when it comes to accepting new crypto-centric clients. Their main concern is the compliance risks related to KYC, source of funds and money laundering, as well as the regulatory uncertainty.

Fortunately, at Flag Theory, we work with a number of banks that are open to working with cryptocurrency companies.

We have several crypto-friendly bank partners and have helped dozens of ICOs and Crypto Companies obtain banking. However, in order to do that, you must have in place a robust KYC/AML & CTF process.

We will assess your KYC procedures and assist you on designing a sound KYC process to ensure that our banking partners will be be comfortable in opening a corporate account for your business.

If necessary, we can even provide a KYC Onboarding platform through our KYC partner for your ICO, Exchange or Crypto business, so you can avoid legal risks and access banking.

Bank Account Options*: Cayman Islands, Puerto Rico, Bahamas, Belize, Antigua, Poland, Latvia, Serbia, Montenegro, Liechtenstein, Curacao, Denmark, Gibraltar, Nevis and Switzerland. Jurisdiction availability may depend on the purpose of the account and the business activity. Remote account opening available and all banks provide online banking. Products such as debit/prepaid cards and gold-backed loans may be available. There are other jurisdictions available if the company is regulated.

*There might be minimum initial deposit requirements and additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities and jurisdictions of incorporation. A refund is guaranteed if account is not successfully opened.